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US producer prices increase as expected in August; but key details firmer

U.S. producer prices increased in August amid higher costs of goods, airline fares and hospital services, boosting the chances of an interest rate hike from the Federal Reserve next week.

Coverage (1)· Sep 10, 1:01 PM

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Reuters· Sep 10, 1:01 PMUS producer prices increase as expected in August; but key details firmer

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Gasoline likely to boost US consumer prices in AugustU.S. consumer prices likely accelerated in August as the cost of gasoline rebounded after two straight monthly declines, which would reinforce financial market expectations that the Federal Reserve could raise interest rates next week.

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US inflation remained stubborn last month as Iran war continued to lift pricesBy Alicia Wallace, CNN (CNN) — The Federal Reserve’s preferred inflation gauge remained elevated in August, underscoring the persistence of above-normal price increases, new data showed Wednesday. The Personal Consumption Expenditures price index rose 0.3% from July, bringing the annual rate to 3.4%, unchanged from the month before, according to new data…

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US inflation rises less than expected in August; consumer spending surgesU.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.

Reuters5d agoWhole story →

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